Who is Charles M. Holley and what are his new responsibilities?

Charles M. Holley has been appointed as the Senior Vice President and Controller of Wal-Mart Stores, Inc., effective January 21, 2003. In this capacity, he will serve as the company's principal accounting officer, overseeing the accounting functions and financial reporting.

Why is the appointment of a principal accounting officer significant for investors?

The principal accounting officer plays a critical role in ensuring the accuracy, integrity, and transparency of a company's financial statements. Changes in this position can signal shifts in financial strategy or a need for enhanced oversight, making it an important point of interest for investors assessing financial health and governance.

Does this 8-K filing provide details on Mr. Holley's qualifications or past experience?

This specific 8-K filing primarily announces the appointment and the assumption of the principal accounting officer role. It does not contain detailed biographical information or a history of Mr. Holley's qualifications and past experience. Investors may need to look for this information in subsequent filings or press releases from Wal-Mart.

What is the significance of the event date versus the filing date?

The event date (January 21, 2003) signifies when Mr. Holley officially began his new role as Senior Vice President and Controller. The filing date (February 18, 2003) is when Wal-Mart officially reported this material event to the Securities and Exchange Commission (SEC) as required by regulations.

WMT 8-K SEC Disclosure — Feb 19, 2003

Summary

This 8-K filing from Wal-Mart Stores, Inc. (WMT) on February 18, 2003, primarily reports a significant change in its financial leadership. Effective January 21, 2003, Mr. Charles M. Holley was appointed as the Senior Vice President and Controller. This role makes him the principal accounting officer of the company. This appointment is crucial for investors as it signifies a key personnel change in the financial reporting and oversight function. Investors will want to understand Mr. Holley's background and experience, as his responsibilities directly impact the accuracy and integrity of the company's financial statements. While the filing itself does not provide extensive details on Mr. Holley, such appointments are typically made after careful consideration and are a standard disclosure for material executive changes.

Key Highlights

1Appointment of Charles M. Holley as Senior Vice President and Controller, effective January 21, 2003.
2Mr. Holley assumes the role of principal accounting officer for Wal-Mart Stores, Inc.
3This filing is a routine disclosure of a material executive appointment.
4The change in principal accounting officer is a key event for financial oversight and reporting.
5The report was filed on February 18, 2003, detailing an event from January 21, 2003.

Walmart Inc. 8-K Report (Feb 19, 2003)

Summary

Key Highlights

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